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How to improve inventory turnover?

How do you maximize your inventory turnover so you don't carry too much inventory, but don't run out?

Are you using Distribution Requirements Planning or some other algorithim?

Answers

Len Green
Title: Performance Improvement Consultant and E..
Company: Haygarth Consulting LLC
LinkedIn Profile
(Performance Improvement Consultant and ERP Strategist, Haygarth Consulting LLC) |

In brief:

1. look at introducing Sales and Operational Planning (S&OP), also known as IBP (Integrated Business Planning) - it is a management/monitoring process that oversees the processes below
2. look at aligning an improving the following "transaction/operations processes":
-opportunity-to-order process
-demand forecasting
-order management/fulfillment
-production planning and scheduling
-inventory management
-supply chain management

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